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Thursday 3rd July 2008

David Coulthard will reportedly announcement his retirement from Formula One at this weekend's British Grand Prix.

The BBC says that the Scot has opted to call it quits on his F1 career at the end of this season and will announce his decision later this weekend if not later today at the FIA press conference, which he is scheduled to attend.

At age 37 Coulthard is the oldest driver on the current F1 grid and has spent the past few years fielding questions about when he will retire.

The Red Bull driver, though, has always said that he hopes to continue racing but recently conceded that perhaps time has run out for him.

"I have had a great career," the Daily Mail quoted him as saying. "It is better to be a has-been than a never-been."

However, the Scot later added that he saw no reason why Red Bull would want to replace him or why he should start thinking of his future.

"I just get on with the driving. If I deliver value and have the motivation, why would Red Bull go for someone 16-year-old just because they are an energy drinks company?" he said.

"I have always maintained that if you start making too many plans, then mentally you are preparing to retire. There must be an element of lifting slightly or backing off."